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Restaurant Point of Sale (POS) Terminal Market Trends

Report ID: GMI3073
Published Date: Jun 2024
Report Format: PDF

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Restaurant POS Terminal Market Trends

The integration of various sales channels into a single POS platform that provides a cohesive view of operations, whether in-store, online, or via delivery allows for seamless management of sales and inventory across different channels. In May 2024, a National Restaurant Association report stated that many restaurants are adopting unified commerce platforms that integrate online ordering, delivery services, and in-store sales into one system, improving the operational efficiency.

The market is witnessing the use of blockchain technology to enhance the security of transactions and loyalty programs, ensuring data integrity and transparency. As per a Federal Trade Commission report from May 2024, restaurants, such as SecureDine, have started using blockchain-based POS systems to secure customer data and track loyalty points, aiming to reduce fraud and increase trust among customers.

Authors: Preeti Wadhwani, Aishvarya Ambekar

Frequently Asked Questions (FAQ) :

The market size of restaurant POS terminal reached USD 21.9 billion in 2023 and is set to witness over 7% CAGR between 2024 and 2032, owing to the increasing adoption of POS terminals by small and independent restaurants due to affordability, ease of use, and the need for operational efficiency.

The fixed restaurant POS terminal segment accounted for over 65% market share in 2023, as it provides the durability and capacity required to handle extensive transactions.

Asia Pacific market is expected to hold around USD 16.5 billion revenue by 2032, driven by economic development, digitalization, and changing consumer behaviors.

Diebold Nixdorf, Epicor Software Corporation, Ingenico Group, NCR Corporation, NEC Corporation, Panasonic Corporation, PAX Technology, Samsung Electronic Co. Ltd among others.